Market Pulse

Jul 12

  IndexLast Week1-Month (Trailing)YTD
DJIA
      -0.41%
      +5.54%
      +9.61%
S&P 500
      +1.17%
      +4.18%
      +10.59%
Nasdaq
      +1.79%
      +4.47%
      +13.14%
Russell 2000
      -0.59%
      +5.04%
      +20.00%
MSCI EAFE
      +0.10%
      +2.86%
      +8.79%
MSCI EM
      +1.78%
      +3.42%
      +22.22%
Bloomberg U.S. Agg
      -0.35%
      +0.21%
      +0.13%
Bloomberg U.S. Corp HY
      +0.05%
      +0.82%
      +2.10%
Data as of: Friday, July 10, 2026

See important disclosures below.

Weekly Recap

07/06/2026 - 07/10/2026

U.S. Economy

Services activity remained expansionary despite modest June cooling.

Fed minutes highlighted persistent divisions over inflation risks.

Equity Market

S&P and Nasdaq advanced despite narrow market breadth.

Meta surged as AI spending plans lifted megacap technology.

Bond Market

Treasury yields rose as the curve steepened further.

Strong auctions failed to offset broader weekly bond weakness.

Around the Globe

Oil rose as U.S.-Iran tensions threatened Hormuz shipping.

Bitcoin gained while gold and international equities diverged.

The Week Ahead…

07/13/2026 - 07/17/2026

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Mon
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- ```
Treasury Monthly Budget
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- ```
Fastenal
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Tue

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NFIB Small Business Index (Jun)
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CPI (Jun)
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JPMorgan, Goldman Sachs, Citigroup
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Wed

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Empire Manufacturing (Jul)
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PPI (Jun)
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Johnson & Johnson, BlackRock
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Thu

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Weekly Jobless Claims
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Retail Sales (Jun)
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Netflix, UnitedHealth, GE, Abbott
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Fri

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Housing Starts (Jun)
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Industrial Production (Jun)
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Consumer Sentiment (Jul, Preliminary)
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Markets enter the week with inflation data and Federal Reserve communication shaping expectations for rates. June CPI arrives Tuesday, followed by PPI Wednesday, retail sales Thursday, and housing, industrial production, and preliminary July consumer sentiment Friday. Together, the releases should clarify whether inflation pressures are rebuilding while economic activity remains resilient.

Federal Reserve Chair Kevin Warsh’s first semiannual testimony will draw attention Tuesday and Wednesday after June meeting minutes revealed divisions over inflation and labor-market risks. The Beige Book and remarks from several Fed officials may further influence expectations for policy through year-end, particularly after Treasury yields moved higher last week.

Second-quarter earnings also begin in earnest, led by JPMorgan, Bank of America, Wells Fargo, Citigroup, and Goldman Sachs on Tuesday. Reports from Johnson & Johnson, Morgan Stanley, UnitedHealth, GE, Abbott, and Netflix will broaden the picture, offering insight into credit conditions, consumer demand, healthcare trends, and corporate technology spending.

-Matt Shaw, CFA

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This report and the opinions provided herein are for informational purposes only, are not a solicitation, and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security or investment. All opinions expressed herein constitute the author’s judgement as of the date of this document and are subject to change without notice. Statements made are not facts, including statements regarding trends, market conditions and the experience or expertise of author are based on current expectations, estimates, opinions and/or beliefs. Such statements are not facts and involve known and unknown risks, uncertainties and other factors. Past events and trends do not predict or guarantee or indicate future events or results. Information cited in this report has been drawn from sources believed to be reliable and was captured at a point in time. Therefore, the data is subject to change and its accuracy is not guaranteed. DJIA, S&P, Russell 2000, and NASDAQ indices are referenced directly; MSCI EAFE, MSCI EM, BB U.S. Aggregate, Bloomberg U.S. Corp. HY, and all sector figures refer to the respective ETFs as a representative figure. Ategenos Capital, LLC d/b/a AC Wealth Partners does not own or control and is not affiliated with any third-party content provided via hyperlink, quoted, or cited herein. Investors seeking more information should contact their financial advisor. Investing involves risk, including the possible loss of principal. It is not possible to invest directly in an index. Past performance does not guarantee future results. AC Wealth Partners is an investment adviser registered with the SEC. SEC registration does not imply any specific level of training or skill.

Matt Shaw